A personal loan is a big financial decision, but it’s one way to help achieve your goals sooner when you don’t have the funds upfront. In some cases, personal loans may be a better option than a credit card, as you can control the repayment amount and period. It can help you take control of your finances and streamline your debt or fund a big trip or purchase.
When taking out a small or large personal loan it’s important you consider the loan type, any associated fees, interest rates and the term of your personal loan. To avoid any unnecessary costs or hiccups along the way, we’ll match you with a Melbourne finance broker to help you find the right loan, ensuring you get the perfect fit and a personalised experience that exceeds your expectations. Personal loans often have much higher interest rates, so before jumping the gun it’s important to speak to a finance broker and ensure a personal loan is the right loan type for your situation.
When you have lots of different debts things can get complicated. Rolling all of your debt into one personal loan (also known as debt consolidation) can make managing your debt and making payments easy, and you may even save money on interest!
Whether it’s a European escapade or an African safari, some experiences in life only happen once and you want to squeeze the most out of every holiday experience. A personal loan can help you cover your upfront costs and repay them when you return.
Cars and other vehicles can often be expensive, but they are a necessary part of life that we often don’t have the time to save the full cost for. Whether it’s a car, motorcycle, boat, jetski or caravan, you can get behind the wheel sooner with a personal loan.
Want to take a hobby, skill or interest to the next level? Furthering your education and developing your skills through study is rewarding but can often be costly. A small personal loan can cover the costs of your education and help you get to the next level.
Whether you need to pay insurance excess after an accident or have emergency medical bills, unexpected bills are just that - unexpected. If you don’t have the spare cash for such unseen circumstances, a personal loan can get you back on track.
Your wedding is an experience you’ll remember forever, but it can be expensive and budgets can often be blown out preparing for the big day. A personal loan can be used for big-ticket items like the venue and catering, or to cover the costs of flowers and photography.
Is it time to upgrade that 1960’s kitchen, refresh your rundown bathroom, or create a backyard oasis complete with a swimming pool? Depending on the size of the project and your budget, a personal loan could help get your renovations underway sooner rather than later.